scholarly journals EU Programmes’ Financial Support to SMEs: Reducing the Differences Under the View of Funding the Innovation and Key Technologies

2020 ◽  
Vol 11 (6) ◽  
pp. 74
Author(s):  
Athanasios G. Panagopoulos
Keyword(s):  
Interest Rates ◽  
Financial Support ◽  
Global Economy ◽  
National Income ◽  
Production Capacity ◽  
Financial Investments ◽  
World Economic ◽  
Economic Developments ◽  
Financial Issues ◽  
The Eu

Under their adaptable production structures and quick adjustment to technological innovations in the world economic developments, SMEs are among the most important wheels of both the EU economy and the whole global economy. This paper examines, the significance and the size of SMEs which contribute to production capacity, financial investments, economic development, and EU/national income, as well as employment and management and other areas, are combined and studied using a set of data and information; therefore, the EU Programmes which provide financial support are mainly organized regarding the financial issues of SMEs are also introduced. Under this logic, the parts of the funding programmes offered to SMEs within the EU budget over the budget period from 2014 to 2020 in the Union’s budget are assessed, and recommendations are suggested for the next years 2021-2027, as well. Consequently, banks and/or other financial institutions may not be able to constitute credit products, interest rates, loan amounts and appropriate repayment maturities that are suitable for the needs of SMEs, or most importantly, they may not have sufficient resources to finance specific credits.

Financial Supports Provided to SMEs Within the Context of the European Union's Budget

2020 ◽  
pp. 309-323 ◽  
Author(s):  
Seda Sonmez Ozekicioglu ◽  
Filiz Yetiz
Keyword(s):  
Economic Growth ◽  
Financial Support ◽  
National Income ◽  
Production Capacity ◽  
Current Data ◽  
Technological Innovations ◽  
The World ◽  
World Economic ◽  
Support Programmes ◽  
The Eu

Along with their flexible production structures and rapid adaptation to technological innovations in the world economic race, SMEs are among the prominent wheels of both the EU economy and the whole world economy. In this chapter, the importance and the size of SMEs which contribute to production capacity, productive investments, economic growth, and national income, as well as employment and many other areas, are explicated using the current data; hence, the EU financial support programmes organized regarding the financial problems of SMEs are introduced. In this respect, the shares of the funding programmes offered to SMEs within the EU budget over the period from 2014 to 2020 in the Union's budget are assessed, and recommendations are made for the years 2021-2027.

Fake Goods, Real Money

2018 ◽  
Author(s):  
Georgios A. Antonopoulos ◽  
Alexandra Hall ◽  
Joanna Large ◽  
Anqi Shen ◽  
Michael Crang ◽  
...  
Keyword(s):  
Global Economy ◽  
World Economic Forum ◽  
Counterfeit Goods ◽  
Global Commerce ◽  
Lack Of Information ◽  
The World ◽  
World Economic ◽  
The Uk ◽  
Eu Studies ◽  
The Eu

The trade in counterfeit goods is growing. Recent EU studies on Fast Moving Consumer Goods indicate that 6.5% of all sports(wear) goods, 7.8% of cosmetics and 12.7% of luggage/handbags sold in the EU are in some way counterfeit. The WTO has an oft-repeated estimate of 7% of all global commerce as counterfeit. The World Economic Forum goes further, suggesting that counterfeiting and piracy cost the global economy an estimated $1.77 trillion in 2015, which is nearly 10% of the global trade in merchandise. Much work and popular scrutiny has examined flows of counterfeit goods. However, there remains a general lack of information on the financing of the counterfeit trade. Drawing upon cross-disciplinary research, the book offers a unique account into the financing of the trade in counterfeit goods. Focusing on tangible goods, it addresses the ways in which capital is secured to allow counterfeiting businesses to be initiated and sustained, how entrepreneurs and customers settle payments, the costs of conducting business in the counterfeiting trade, and how profits from the business are spent and invested. The book covers the UK context, whilst also considering the distinctly transnational nature of the trade.

scholarly journals Inflation and Redistribution Processes in the Modern World

2021 ◽  
Vol 92 ◽  
pp. 07033
Author(s):  
Tatiana Kotcofana ◽  
Viktoria Bazzhina ◽  
Armen Altunyan
Keyword(s):  
Interest Rates ◽  
Global Economy ◽  
National Income ◽  
Value Added ◽  
The United States ◽  
Modern World ◽  
Historical Method ◽  
Goods And Services ◽  
Traded Goods ◽  
Monopolistic Pricing

Research background: Inflation and redistributive processes are the main permanent threats to economic stability in the modern world and these processes are closely interconnected. Inflation is a powerful tool for redistributing national income, both consciously used by economic entities and generated within the economic system. Purpose of the article: To demonstrate the variety of mechanisms that connects inflation and redistributive processes in the modern economy. Methods: The dialectical-materialistic and concrete-historical method forms the methodological basis of research. The empirical basis of analysis is formed by statistical materials and specific economic and statistical studies. Findings & Value added: Monopoly power in all its manifestations is the first and key mechanism for redistributing social income through inflation processes. The dollar’s monopoly position in international settlements has long been one of the factors of global inflation processes and redistribution of the global public product in favor of the United States in the global economy. The highest degree of monopolization of Russian market is the main generator of Russian inflation and the reason of the disproportionate development of Russian economy. The state has the largest number of redistributive levers and quite often acts as a voluntary or involuntary initiator of inflation and redistribution processes. Inflationary expectations make a significant contribution to the formation of inflationary potential in the face of low confidence in the authorities, lack of information, political monopolism, and economic instability. This is manifested in advance overpricing for traded goods and services, interest rates, etc., which, in turn, may strengthen redistribution processes, especially in the context of monopolistic pricing.

scholarly journals Regional Science in a time of uncertainty

REGION ◽  
2016 ◽  
Vol 3 (2) ◽  
pp. 61
Author(s):  
Bernard Fingleton
Keyword(s):  
Interest Rates ◽  
Global Economy ◽  
Global Climate ◽  
Regional Science ◽  
After Effects ◽  
Negative Interest Rates ◽  
The Future ◽  
Unanticipated Consequences ◽  
The Uk ◽  
The Eu

<p>I have given this paper the title  ‘Regional Science in a time of uncertainty’ because that is what it appears to be,  very much a time of uncertainty. Uncertainty is always with us, but what I mean is the future is more uncertain than usual. There are multiple unanticipated and threatening shocks to our economic, social and environmental systems. For example, global climate change appears to be upon us right now, so what is the future especially for the world’s poorest people, living at the margins of existence? The after-effects of the 2007 shock to the global economy are still very much with us. In an era of very low demand, Central Banks are running out of policy options. We are moving into an era of experimental and unconventional fixes, such as negative interest rates. But these could have dangerous, unanticipated consequences. Also the upheavals in the Middle East are now being manifest as unforeseen mass migrations. Closer to home, the vote to exit the UK from the EU was based on a referendum dominated by claims and counterclaims about the effects of Brexit. Now the UK has voted to leave, the true consequences remain uncertain.</p>

Peculiarities of Modern Dynamics of the Global Economy

2010 ◽  
pp. 78-92 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Business Cycles ◽  
Global Economy ◽  
Long Waves ◽  
Rapid Expansion ◽  
Business Taxation ◽  
Modern World ◽  
China And India ◽  
World Economic

Rates and factors of modern world economic growth and the consequences of rapid expansion of the economies of China and India are analyzed in the article. Modification of business cycles and long waves of economic development are evaluated. The need of reforming business taxation is demonstrated.

INTERACTION OF THE NATIONAL ECONOMY OF UKRAINE WITH INTERNATIONAL CREDIT AND FINANCIAL ORGANIZATIONS

2017 ◽  
Author(s):  
Serhii Voitko ◽  
◽  
Yuliia Borodinova ◽  
Keyword(s):  
Financial Institutions ◽  
National Economy ◽  
Financial Support ◽  
Global Economy ◽  
Financial Sector ◽  
Negative Consequences ◽  
International Financial Institutions ◽  
The Future ◽  
International Credit

The article examines the interaction of the national economy of Ukraine with international credit and financial organizations, evaluates the positive and negative consequences and identifies possible areas for further cooperation. The role of international credit and financial organizations in the development of the global economy is analyzed. Today, international financial institutions have taken a leading place among institutions that provide financial support and contribute to the implementation of necessary reforms aimed at developing enterprises in various sectors of the economy and strengthening the country's financial sector as a whole. The importance of cooperation between Ukraine and international financial institutions for the development of the country's economy has been determined. The problems and directions of development of cooperation with leading credit and financial organizations in modern conditions are identified. Despite the presence of certain shortcomings, cooperation between Ukraine and international credit and financial organizations will continue in the future.

The World Economy through the Lens of the United Nations

2018 ◽  
Keyword(s):  
World War Ii ◽  
United Nations ◽  
Global Economy ◽  
World Economy ◽  
Social Conditions ◽  
Policy Recommendations ◽  
The Past ◽  
The World ◽  
World Economic ◽  
The United Nations

This volume documents the intellectual influence of the United Nations through its flagship publication, the World Economic and Social Survey (WESS) on its seventieth anniversary. Prepared at the Department of Economic and Social Affairs (DESA) and first published in 1948 as the World Economic Report (subsequently renamed the WESS), it is the oldest continuous post-World War II publication of this kind, recording and analysing the performance of the global economy and social development trends, and offering relevant policy recommendations. This volume highlights how well WESS has tracked global economic and social conditions, and how its analyses have influenced and have been influenced by the prevailing discourse over the past seven decades. The volume critically reflects on its policy recommendations and their influence on actual policymaking and the shaping of the world economy. Although world economic and social conditions have changed significantly over the past seven decades and so have the policy recommendations of the Survey, some of its earlier recommendations remain relevant today; recommendations in WESS provided seven decades ago seem remarkably pertinent as the world currently struggles to regain high levels of employment and economic activity. Thus, in many ways, WESS was ahead of the curve on many substantive issues. Publication of this volume will enhance the interest of the wider community of policymakers, academics, development practitioners, and members of civil society in the analytical work of the UN in general and UN-DESA in particular.

scholarly journals A Cross-Country Measurement of the EU Bioeconomy: An Input–Output Approach

2021 ◽  
Vol 13 (6) ◽  
pp. 3033
Author(s):  
Kutay Cingiz ◽  
Hugo Gonzalez-Hermoso ◽  
Wim Heijman ◽  
Justus H. H. Wesseler
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Union Member ◽  
National Income ◽  
Value Added ◽  
Input Output ◽  
Income Share ◽  
Cross Country ◽  
European Union Member States ◽  
The Eu

This paper measures the development of the national income share of the bioeconomy for 28 European Union Member States (MS) and 16 industries of BioMonitor scope from 2005 to 2015. The paper proposes a model which includes the up- and downstream linkages using Input-Output tables. The results show that for the majority of the MS the value added of the up- and downstream sector is at the band of 40%–50% of the total bioeconomy value added and has on average increased since the financial crisis.

Volatility integration of gold and crude oil prices with the interest rates in India

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shailesh Rastogi ◽  
Adesh Doifode ◽  
Jagjeevan Kanoujiya ◽  
Satyendra Pratap Singh
Keyword(s):  
Interest Rate ◽  
Crude Oil ◽  
Interest Rates ◽  
Global Economy ◽  
Spillover Effect ◽  
Price Volatility ◽  
Volatility Spillover ◽  
Content Type ◽  
Crude Oil Prices ◽  
The Impact

PurposeCrude oil, gold and interest rates are some of the key indicators of the health of domestic as well as global economy. The purpose of the study is to find the shock volatility and price volatility effects of gold and crude oil market on interest rates in India.Design/methodology/approachThis study finds the mutual and directional association of the volatility of gold, crude oil and interest rates in India. The bi-variate GARCH models (Diagonal VEC GARCH and BEKK GARCH) are applied on the sample data of gold price, crude oil price and yield (interest rate) gathered from November 30, 2015 to November 16, 2020 (weekly basis) to investigate the volatility association including the volatility spillover effect in the three markets.FindingsThe main findings of the study focus on having a long-term conditional correlation between gold and interest rates, but there is no evidence of volatility spillover from gold and crude oil on the interest rates. The findings of the study are of great importance especially to the policymakers, as they state that the fluctuations in prices of gold and crude oil do not adversely impact the interest rates in India. Therefore, the fluctuations in prices of gold and crude may generally impact the economy, but it has nothing to do with interest rate in particular. This implies that domestic and foreign investments in the country will not be affected by gold and crude oil that are largely driven by interest rates in the country.Practical implicationsGold and crude oil are two very important commodities that have their importance not only for domestic affairs but also for international business. They veritably influence the economy including forex exchange for any nation. In addition to this, the researchers believe the findings will provide insights to policymakers, stakeholders and investors.Originality/valueGold and crude oil undoubtedly influence the exchange rates but their impact on the interest rates in an economy is not definite and remains ambiguous owing to the mixed findings of the studies. The lack of studies related to the impact of gold and crude oil on the interest rates, despite them being essentials for the health of any economy is the main motivation of this study. This study is novel as it investigates the volatility impact of crude oil and gold on interest rates and contributes to the existing literature with its findings.

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